Subject: Paradise Valley Weekly - 9 New Listings, Jumbo Loans in 2015

Hope you had a wonderful holiday season with friends and family. Incredibly, we had snow in Arizona, with even Camelback Mountain covered in white powder.

If you're planning to buy a home in 2015, you may want to read this article in the Wall Street Journal about jumbo loans. We may see some significant changes this year, and as always I will keep you apprised of trends. 
Closings
Over the past 2 weeks the trend continued of buying older homes to tear down or remodel. The average home sold for under $1.3 million and $344 per square foot. These numbers are more impressive than they seem on the surface, given the age of the homes -- weighted average year of construction was 1975.

New Listings
9 new listings ranging from just under $1.3 million to over $3.5 million. 
Just two that I would recommend seeing sooner than later:

Large Home on Golf Course at Bargain Price
9,000+ square foot home overlooking the 17th green of Camelback Country Club. Grand entry leads to banquet size dining room. The home's 5 bedrooms are all en-suite, and there's also a guest casita. This home is offered at just $308 per square foot, a lot of house for the money.

Remodeled Contemporary
22 foot windows in the great room that opens to a world class kitchen with views of Camelback Mountain and city lights. An interesting contemporary home offered at just under $2.1 millon.

To see all of this week's new listings please click here.

To see everything on the MLS in Paradise Valley please click here.

That's all for this week, I'll be back next week with all the latest in Paradise Valley real estate.

Thank you,
Alex Goldstein
SearchParadiseValleyProperties.com
iParadiseValley.com
(480) 442-7325



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